$3,925,000
$4,388,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
8,889 SqFt
SOLD DATE : 04/07/2024
Key Details
Sold Price $3,925,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,889 sqft
Price per Sqft $441
Subdivision Highgate
MLS Listing ID C8052661
Sold Date 04/07/24
Year Built 1963
Annual Tax Amount $28,707
Tax Year 2023
Property Description
Fantastic investment opportunity in a freestanding multi-tenanted commercial building with 69 foot frontage on Kingsway. This fully leased building had many updates in 2021 that included new exterior siding, bathrooms, doors, paints, flooring, just to mention a few. Additionally, it has a cap rate of more than 6% approximately with reliable tenants. It''s notable to mention that this property is a short drive to Metropolis at Metrotown and about a twenty minutes walk to Royal oak skytrain station. Email The listing agent for details. Please do not walk into the building and do not contact any of the tenants.
Location
State BC
Community Highgate
Area Burnaby South
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Water Municipal
Structure Type Mixed
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